28 Jan 2025
📈Cboe Proposed Rule Change on Auction Price Adjustment Noted
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Permit TPHs To Opt Out of Systematic Adjustment of AIM Auction Price if Outside of NBBO Upon Receipt
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Cboe Exchange allows Trading Permit Holders (TPHs) to opt-out of systematic auction price adjustments if outside the National Best Bid and Offer (NBBO). This affects compliance and trading strategies, impacting risk management and potential profits for business owners and executives in trading.